South American Adventures

Taking flying leaps into the unknown

Reading: the startup founders vitamin and vicodin

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I am spending an increasing amount of free time reading. There are 3 primary reasons for this: 1 to research developments in startup funding (industry news), improve my managerial and technical skill set (self-development) and to take the edge off and relax myself (casual reading).

Industry news

We work in an über competitive industry thus I must remian up-to date. I found a couple of helpful ways to do that routinely:

  1. Subscribe to Mattermark newsletter. They send daily updates on trending blogs and articles in the tech field.
  2. Using Feedly I subscribed to notable blogs written by VC and angel investors and tech entrepreneurs
  3. I set up my Chrome starting pages to auto-open my favorite tech news sites including the usual suspects like TechCrunch, Pulso etc.
  4. Subscribe to Startup Digest to receive local news written by local startupers from 10 countries relevant to me
  5. Subscribe to country leading newsletter such as Startup Britain and Startup Daily from Israel etc
  6. Subscribed Launch Ticker from Launch Festival creator Jason Calacanis

Self Development

The movie Startup Kids could not have expressed it better,

“Everything you are doing is something you are just barely qualified for or not qualified for at all”.

That is why I continuously learn things to improve my technical and business development  skill set and skill set as manager and leader. Reading about experiences and teachings of other more experienced entrepreneurs and investors is really helpful. To do that I find  Mattermark and Feedly from above very helpful. Biographies about notable leaders and books on management such as Founders Dilemma are really helpful. Lastly, doing google searches on specific topics currently of importance is great as well. For instance, in the last year I focused a lot on the intricacies of employee stock options, advisor stock options, hiring and firing, KPIs and measurement of business development efforts, the terms in the sale of shares and convertible notes and business development (sales process and marketing).

Casual reading

Working on a startup is stressful as generally we are understaffed, face intense competition and outlook is constantly uncertain…Some say and I agree: it’s a bit like jumping off a cliff and assembling the parachute on the way. The point being, its difficult to wind down and have a good night sleep. Thus I returned to reading non technical / non business books.

As I spend 16 hours a day in front of a screen I am unable to pick up book and read it. The eyes refuse. Thus casual reading has suffered until I discovered Audible, which introduced me to the world of audio books. Now i tear through 1 book every 1-2 weeks. Recent books were: Steve Jobs, Killing Kennedy, 100 Years of Solitude.

Couple interesting article of the day

5 Very Good Days, and 5 Pretty Bad Days, as a SaaS CEO

Great SaaS Companies Focus On Behavior Change

Guerilla Tips For Raising Venture Capital

The Pro-Rata Participation Right

Pro-Rate Rights: The Good, the Bad and The Ugly

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Author: Miklos Grof

Miklos is the CEO and co-founder of Fundacity. Fundacity is making startups investing easier. Fundacity already supports all the notable accelerators in LatAm in their startup selection and management and they are expanding rapidly across Asia-Pacific and Europe. With the recently launched Fundacity Investments Clubs it seeks to simplify the startup investing process in emerging markets and make it accessible to more people. Miklos has unique and extensive experience in start-up formation, business development and venture financing. He has raised and evaluated investment offers in venture capital from angels and VCs from three continents for a variety of deals. He thrives at launching businesses and making sales in new geographies. Miklos currently serves as a financial advisor and mentor for various start-ups including Taggify (an online contextual advertising company based in New York and Buenos Aires). At Taggify, Miklos advises on fundraising, financial reporting to the board of investors, tax filling and cash flow management. Miklos completed his MsC in Finance at the London School of Economics and previously worked in corporate finance at PricewaterhouseCoopers in London, fund sales at UniCredit Vienna and economic research at Erste Bank Budapest. He is a Chartered Accountant with the ICAEW, Institute of Chartered Accountant England and Whales and is quinti-lingual. He is passionate about startups and entrepreneurship and spends his free time engaging with the startup community.

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